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Friday, July 23, 2010
Thursday, July 22, 2010
Wednesday, July 21, 2010
Mortgage Applications Rise as Rates Stay Low
Applications to purchase homes rose 3.4 percent last week compared to the previous week on a seasonally adjusted basis, according to the Mortgage Bankers Association weekly survey.
On an unadjusted basis, the purchase index rose 15.3 percent compared with the previous week, but was down 35.7 percent compared to the same week a year ago.
This is only the second time in 10 weeks that purchase mortgage applications have increased.
“The strength in purchase applications comes from government loans, likely indicating that prospective buyers are drawn by the lower down payment requirements,†says Michael Fratantoni, MBA’s vice president of research and economics.
Mortgage rates remained low:
• 30-year fixed-rate mortgages decreased to 4.59 percent from 4.69 percent.
• 15-year fixed-rate mortgages decreased to 4.05 percent from 4.12 percent.
• 1-year ARMs decreased to 7.17 percent from 7.20 percent.
Applications to purchase homes rose 3.4 percent last week compared to the previous week on a seasonally adjusted basis, according to the Mortgage Bankers Association weekly survey.
On an unadjusted basis, the purchase index rose 15.3 percent compared with the previous week, but was down 35.7 percent compared to the same week a year ago.
This is only the second time in 10 weeks that purchase mortgage applications have increased.
“The strength in purchase applications comes from government loans, likely indicating that prospective buyers are drawn by the lower down payment requirements,†says Michael Fratantoni, MBA’s vice president of research and economics.
Mortgage rates remained low:
• 30-year fixed-rate mortgages decreased to 4.59 percent from 4.69 percent.
• 15-year fixed-rate mortgages decreased to 4.05 percent from 4.12 percent.
• 1-year ARMs decreased to 7.17 percent from 7.20 percent.
Seller Financing Can Have Tax Advantages
Offering to hold either a second mortgage or a primary mortgage in either a residential or a commercial sale can be a good deal for the seller.
The primary advantage is deferral of taxes due. Sellers are normally taxed as the principal is received, spreading the tax bill over several years, explains Richard Schank, a financial planner with PTS Brokerage in Mt. Laurel, N.J.
Other advantages can include:
· Support for a higher-than-average price.
· An interest rate that provides a relatively high return on investment.
The safest arrangement includes obtaining a deed in lieu of foreclosure from the buyer, which allows the seller to take back the property if the note isn’t paid in a timely fashion.
Source: Investor’s Business Daily, Jeff Schnepper (07/15/2010)
Offering to hold either a second mortgage or a primary mortgage in either a residential or a commercial sale can be a good deal for the seller.
The primary advantage is deferral of taxes due. Sellers are normally taxed as the principal is received, spreading the tax bill over several years, explains Richard Schank, a financial planner with PTS Brokerage in Mt. Laurel, N.J.
Other advantages can include:
· Support for a higher-than-average price.
· An interest rate that provides a relatively high return on investment.
The safest arrangement includes obtaining a deed in lieu of foreclosure from the buyer, which allows the seller to take back the property if the note isn’t paid in a timely fashion.
Source: Investor’s Business Daily, Jeff Schnepper (07/15/2010)
Tuesday, July 20, 2010
Waukesha Real Estate 7/20 Press Release Featuring Ty Jakoblich of Shorewest Realtors
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http://ping.fm/iNePw
Real Estate Press Release: Featuring Ty Jakoblich of Shorewest Realtors
Real Estate Press Release:
For Immediate Release: For Further Information Contact:
(7/20/2010) [Ty Jakoblich 262-290-5027]
Finding the Right Home
[Waukesha County, WI).] — With all the choices in today's market, how do you go about finding the right home? It seems the more research you do, the more alternatives you discover.
It's important to visualize your needs and plan ahead. "Know what you want in a home, what's important to you, and what you can live without,” Ty Jakoblich, Brokers Associate of Shorewest Realtors says. "Many of us start out with a champagne taste and a beer pocketbook, so it's important to be realistic,” he adds.
Where and what you buy will affect you for as long as you live in the house. "Get your priorities in order before you start looking or even talk to a real estate broker or sales associate,” Jakoblich says.
For first-time home buyers this is a new experience, so it's especially important to do your homework. If you currently own a home, you know exactly what's lacking. You may need another bedroom or bathroom, or a good school nearby.
First, decide where you want to live. A big part of the answer hinges on where and how you earn a living. If your job requires a lot of reading or is quite stressful, public transportation may offer valuable time to sit quietly. "Regardless, you should practice the commute in rush hour before you make a commitment. A seemingly quiet road can transform into gridlock during peak hours,” Jakoblich cautions.
People with children have other major considerations: school and safety. If you plan to send your children to private schools, you can live where you want assuming you can easily arrange transportation. On the other hand, a lavish public school system may indicate high local real estate taxes. Check them out.
Obviously, lifestyle is an important consideration. People who frequently dine out, go dancing and attend the theater probably belong in the city or a close-in suburb. "In other words, make sure you're in close proximity to the things that matter most,” Jakoblich says.
It used to be that homes came in a limited variety, but today, you have many choices. In addition to the traditional single-family home, you can buy a townhouse, condominium or apartment condominium or co-op.
In planned unit developments (PUDs), you can find almost any combination. In condos and other such communities, make sure the rules and regulations, as well as the by-laws, match your lifestyle. This type of housing is great for people who want to own their own space without being responsible for mowing the lawn or repairing the roof; a management company handles that.
On the other hand, you'll pay fees for these services. "In addition to checking the documents and financial soundness of the homeowner's association, you must determine if the monthly fees are worth the services and additional amenities such as a swimming pool or exercise room,” Jakoblich explains.
Affordability can be a factor not only in the type of housing, but whether it's new or an existing home. Old houses often have fine woodwork or interesting nooks and crannies not normally found in new homes. They generally sit on landscaped lots with mature trees and grown bushes.
New homes may cost more, but you can make many more decisions on amenities, colors, carpeting and fixtures. "Make sure you're dealing with a reputable builder, and have an attorney review all documents, Jakoblich says.
Selecting a real estate professional is an important first step in beginning your search. "Ask for personal recommendations to find an individual who is knowledgeable about the neighborhood and has access to the local Multiple Listing Service," Jakoblich says. Make sure you feel confident about his or her knowledge and skills, and understand the business relationship that you have established between you.
Ty Jakoblich is one of more than 50,000 members of the Real Estate Buyer’s Agent Council (REBAC) of the NATIONAL ASSOCIATION OF REALTORS®, who have attained the Accredited Buyer Representative (ABR®) designation. As the world's largest association of real estate professionals focusing specifically on representing the real estate buyer, REBAC is "The Voice for Buyer Representation," with more than 50,000 active real estate professional members of the organization throughout the world.
[Waukesha Time’s Press Release (Ty Jakoblich).]
107
For Immediate Release: For Further Information Contact:
(7/20/2010) [Ty Jakoblich 262-290-5027]
Finding the Right Home
[Waukesha County, WI).] — With all the choices in today's market, how do you go about finding the right home? It seems the more research you do, the more alternatives you discover.
It's important to visualize your needs and plan ahead. "Know what you want in a home, what's important to you, and what you can live without,” Ty Jakoblich, Brokers Associate of Shorewest Realtors says. "Many of us start out with a champagne taste and a beer pocketbook, so it's important to be realistic,” he adds.
Where and what you buy will affect you for as long as you live in the house. "Get your priorities in order before you start looking or even talk to a real estate broker or sales associate,” Jakoblich says.
For first-time home buyers this is a new experience, so it's especially important to do your homework. If you currently own a home, you know exactly what's lacking. You may need another bedroom or bathroom, or a good school nearby.
First, decide where you want to live. A big part of the answer hinges on where and how you earn a living. If your job requires a lot of reading or is quite stressful, public transportation may offer valuable time to sit quietly. "Regardless, you should practice the commute in rush hour before you make a commitment. A seemingly quiet road can transform into gridlock during peak hours,” Jakoblich cautions.
People with children have other major considerations: school and safety. If you plan to send your children to private schools, you can live where you want assuming you can easily arrange transportation. On the other hand, a lavish public school system may indicate high local real estate taxes. Check them out.
Obviously, lifestyle is an important consideration. People who frequently dine out, go dancing and attend the theater probably belong in the city or a close-in suburb. "In other words, make sure you're in close proximity to the things that matter most,” Jakoblich says.
It used to be that homes came in a limited variety, but today, you have many choices. In addition to the traditional single-family home, you can buy a townhouse, condominium or apartment condominium or co-op.
In planned unit developments (PUDs), you can find almost any combination. In condos and other such communities, make sure the rules and regulations, as well as the by-laws, match your lifestyle. This type of housing is great for people who want to own their own space without being responsible for mowing the lawn or repairing the roof; a management company handles that.
On the other hand, you'll pay fees for these services. "In addition to checking the documents and financial soundness of the homeowner's association, you must determine if the monthly fees are worth the services and additional amenities such as a swimming pool or exercise room,” Jakoblich explains.
Affordability can be a factor not only in the type of housing, but whether it's new or an existing home. Old houses often have fine woodwork or interesting nooks and crannies not normally found in new homes. They generally sit on landscaped lots with mature trees and grown bushes.
New homes may cost more, but you can make many more decisions on amenities, colors, carpeting and fixtures. "Make sure you're dealing with a reputable builder, and have an attorney review all documents, Jakoblich says.
Selecting a real estate professional is an important first step in beginning your search. "Ask for personal recommendations to find an individual who is knowledgeable about the neighborhood and has access to the local Multiple Listing Service," Jakoblich says. Make sure you feel confident about his or her knowledge and skills, and understand the business relationship that you have established between you.
Ty Jakoblich is one of more than 50,000 members of the Real Estate Buyer’s Agent Council (REBAC) of the NATIONAL ASSOCIATION OF REALTORS®, who have attained the Accredited Buyer Representative (ABR®) designation. As the world's largest association of real estate professionals focusing specifically on representing the real estate buyer, REBAC is "The Voice for Buyer Representation," with more than 50,000 active real estate professional members of the organization throughout the world.
[Waukesha Time’s Press Release (Ty Jakoblich).]
107
Monday, July 19, 2010
Mortgage Rates Stay Put
Rates on conventional mortgage loans were essentially flat this week, according to Freddie Mac. The average rate for 30-year fixed mortgages didn’t move from last week’s record-low figure of 4.57 percent.
Also, rates on 15-year fixed mortgages reached a new record low this week, falling slightly to 4.06 percent from 4.07 percent last week.
Rates on conventional mortgage loans were essentially flat this week, according to Freddie Mac. The average rate for 30-year fixed mortgages didn’t move from last week’s record-low figure of 4.57 percent.
Also, rates on 15-year fixed mortgages reached a new record low this week, falling slightly to 4.06 percent from 4.07 percent last week.
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About Me
- Ty Jakoblich- Realtor
- Waukesha, Southeastern WI, United States
- I am a life long resident of the Waukesha and Milwaukee county area. I have a goal set out to help as many families reach their real estate goals and dreams. Seasoned in all aspects of real estate including residential, commercial, multi-family, business opportunites and vacant lots. I am an Accredited Buyers Representative (ABR) A Accredited Staging Proffessional (ASP) A Shorewest Certified Relocation Specialist (SCRS) As well as a Short Sale and Foreclosure Representative (SFR) And as a Broker's Associate I have a higher knowledge and experience than your typical sales associate. Buying and Selling a home can be a very exciting time in many people's lives. I am here to make sure you reach your goals, and make sure the process is simple, quick and smooth, and most importantly FUN!